Last updated: 2024 BLS data · Page refreshed:
Colchester has a population of 4,692 with a median age of 54.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 4,692 |
| Median Age | 54.2 |
| White | 89.1% |
| Black or African American | 1.8% |
| Asian | 2.7% |
| Hispanic or Latino | 3.6% |
| Other / Two or More Races | 2.8% |
The median household income in Colchester is $86,760, which is 7.6% above the national median of $80,610. The per capita income is $50,829. The poverty rate is 5.7%.
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In Colchester, 95.6% of residents age 25+ have a high school diploma or higher, and 33.0% hold a bachelor's degree or higher (12.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.6% |
| Bachelor's Degree or Higher | 33.0% |
| Graduate or Professional Degree | 12.3% |
The median home value in Colchester is $294,600, below the national median of $303,400. The median monthly rent is $1,475. The homeownership rate is 53.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $294,600 |
| Median Monthly Rent | $1,475 |
| Homeownership Rate | 53.5% |
| Vacancy Rate | 9.3% |
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